Markets@Moneycontrol: Indices pare losses in late trade to end flat

The day was largely marked by weak moves dragged by factors such as weak global cues, surge in crude prices as well as bond yields

A solid fight back by the bulls in the last hour of trade ensured that benchmark indices ended their day and week off the low points. The Sensex managed to end flat, while the Nifty closed above 10,750-mark.

The day was largely marked by weak moves on D-Street, dragged by factors such as weak global cues, surge in crude prices as well as bond yields. A weaker rupee also dented sentiment for the market.

Among sectors too, all major sectoral indices were trading in the red. But defensive segments such as IT and pharmaceuticals saw a strong surge. The Nifty Pharma index gained over 4 percent. PSU banks too gained in the second half, up over 1 percent, while IT had a good day of trade.

For more, watch the Markets@Moneycontrol show as Moneycontrol correspondent Uttaresh Venkateshwaran talks to Anchal Pathak about what moved the markets today.